EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. For example, some will be at the growth stage with either positive demand or ‘fast’ demand e.g. selling a steady volume. Accurate Demand Forecasts for Intelligent Procurement. 1: Supply chain complexity.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Logistics Bureau

JULY 11, 2022

You should be able to realistically track these three KPIs , whether your procurement or inbound logistics functions use sophisticated analytics software or visualise data via less advanced means. SEE ALSO: How to Address Chronic Poor Supplier Performance. The measurement is typically taken over a given time period (often monthly).

Procurement Analytics 107

Procurement Analytics Procurement Solutions Purchasing Skills Inbound 107

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. For example, go to the Walmart, turn right, and it is the third house on the left. From a process perspective, an analysis is not enough.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

Logistics Bureau

APRIL 4, 2022

Here is an overview of the most valuable benefits: More informed freight spending: Because freight benchmarking involves the analysis of carriers and the rates paid by companies using them, it gives you an evolving picture of clarity about your freight spending. Freight Benchmarking: How to Do it Right.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

Blue Grace Logistics

JULY 21, 2020

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. For example, technology helps to maximize efficiency and, in turn, increase profitability. Putting it into Action.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

GlobalTranz

NOVEMBER 19, 2018

Besides, these risks are much more serious (for example, there were about 134,000 reported cyber-attacks on businesses in 2017 , or almost 50 percent increase from 2016). For example, Supply & Chain Executive reported that there were 260 major natural disasters in 2016 that resulted in an economic loss of $211 billion.

Supply Chain Design 75

Supply Chain Design Supply Chains Scenario Planning Optimal Sourcing 75

Logistics Bureau

NOVEMBER 6, 2023

Of course, switching to more efficient lighting requires significant investment, especially if you choose induction lights, which are particularly expensive to procure. How to Improve Lighting Control It’s common for warehouse spaces to sit under artificial lighting even when or where it’s not strictly necessary.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

EazyStock

NOVEMBER 6, 2020

This includes the money spent procuring the goods, the interest lost when working capital is turned into stock and the opportunity cost of the money invested. Purchasing teams need to ensure they procure inventory in the right volumes, at the right time and at the right cost. Originally published Oct 2015; updated Nov 2020.

Inventory Reduction 40

Inventory Reduction Purchasing Skills Optimal Sourcing Cost Reduction 40

AIMMS

SEPTEMBER 17, 2019

The software had been around for a reasonable amount of time, so the number of people who knew how to use it was dwindling. We wanted to have a robust analysis that we fully understood. But the speed of analysis did not match the speed of decision-making required by the business. I nstead, think in terms of capabilities.

Supply Chain Design Software 102

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 102

Transporeon

MARCH 13, 2017

Procurement professionals, if you are considering a transition from manual and Excel-based RF(x) to online automated e-sourcing platforms, here is the information you need to mitigate fear, uncertainty and doubt in your supplier base. But feedback from suppliers on the available procurement automation platforms tends toward the negative.

Sourcing 48

Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 48

GlobalTranz

SEPTEMBER 28, 2016

3) Reduce Supply Base Risk by the Effective Application of Focused Systemic Improvements and Risk Factor Analysis. . How to Track Performance. How to Manage Performance. 50% improvement) min.

Supply Chain Planning Software 89

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 89

GlobalTranz

APRIL 23, 2015

Editor’s Note: This post is a continuation of an ongoing collaborative blog series with Spendrix, a company who was made for procurement teams of all sizes and we currently serve customers in Manufacturing, Oil & Gas, Construction, Logistics, and the Food & Beverage industries.

Manufacturing Procurement 97

Manufacturing Procurement Cost Reduction Supply Chain Software Optimal Sourcing 97

Logistics Bureau

MAY 8, 2023

By neglecting or underestimating the need for meaningful analysis, they typically fail to attain anything like the value they might receive with effective carrier management. You must evaluate the option in detail to know if it presents more pros than cons or vice versa.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

AIMMS

SEPTEMBER 17, 2019

The software had been around for a reasonable amount of time, so the number of people who knew how to use it was dwindling. We wanted to have a robust analysis that we fully understood. But the speed of analysis did not match the speed of decision-making required by the business. I nstead, think in terms of capabilities.

Supply Chain Design Software 62

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 62

GlobalTranz

MAY 25, 2018

For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time. The connection of systems nets scalability and actionable insights from the analysis of Big Data through the IoT. Precursor technology enables continuous improvement in warehouse management.

Inventory Reduction 50

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Software 50

GlobalTranz

JANUARY 17, 2017

Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. For example, the aeronautics’ giant, Lockheed Martin, has embraced augmented reality during the manufacturing and repair processes, explains Industry Week. billion by 2021.

Manufacturing Procurement 82

Manufacturing Procurement Procurement Analytics Expense Reduction Material Savings 82

Talking Logistics

APRIL 17, 2018

A Deloitte study in 2017 found 49% of procurement officers believe the quality of data is a major barrier, and the lack of data integration was the number two barrier (42%). The second stage, Diagnostic Analytics, allows organizations to execute root cause analysis for issues and inefficiencies across functions, departments, and operations.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 69

Logistics Bureau

AUGUST 1, 2022

So it’s easy to see how vital it is for the demand planner to communicate and collaborate effectively with the functional stakeholders who own the necessary data. So, for example, the Head of Supply might be the Supply Chain Director, Supply Chain Manager, or another non-executive supply chain management specialist.

Supply Chain Planning Software 104

Supply Chain Planning Software Scenario Planning Operations Supply Chain Design Software 104

EazyStock

APRIL 18, 2023

Our eGuide, Supply chain and logistics management trends for 2023 , looks at potential issues facing supply chain managers this year and how to respond. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. More expensive borrowing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

GlobalTranz

NOVEMBER 16, 2016

As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. . For example, supply procurement, manufacturing processes and warehousing information should be the first considerations.

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

GlobalTranz

APRIL 30, 2015

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. In our last post , we discussed how to spot risky behavior when communicating with suppliers.

Buyer Training 93

Buyer Training Training Security Logistics Network Optimization Software 93

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. Examples of retailers that use automatic replenishment are Walmart, Dollar Tree, Target, Costco, and Tesco. For example, reordering may require permission to be activated.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Logistics Business Magazine

DECEMBER 16, 2021

His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Companies are increasingly considering how to implement circular economy strategies so that fewer products need to be destroyed. Sustainability and due diligence laws force us to act.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 58

Logistics Bureau

FEBRUARY 6, 2023

Who would have thought that measuring the performance of supply chain processes like warehousing, procurement, or logistics could be so troublesome? Well, we know a few supply chain managers who, having made some of the mistakes covered by this article, would attest to the potential for difficulty. What Does a SMART Objective Look Like?

Supply Chain Software 100

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Design 100

Material Handling and Logistics

AUGUST 10, 2018

But I often see companies that have more cutting tools, for example, than they need. Machinists may set aside a box of inserts and drills at their work stations, for example, to ensure they don’t run out. Finally, even when companies have well-managed inventories, I’ve seen many examples of poor or incomplete buying practices.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

GlobalTranz

FEBRUARY 11, 2016

One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! however, Watson's abilities are a clear indication of how technology can be leveraged to benefit the futuristic supply chain.

Supply Chain Design Software 54

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 54

247 Customs Broker

APRIL 17, 2018

A Deloitte study in 2017 found 49% of procurement officers believe the quality of data is a major barrier, and the lack of data integration was the number two barrier (42%). The second stage, Diagnostic Analytics, allows organizations to execute root cause analysis for issues and inefficiencies across functions, departments, and operations.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 28

Logistics Viewpoints

JANUARY 23, 2023

Railey told the audience, “The IT organization may have significant cultural differences when compared with the maintenance organization or finance and procurement organizations, and all the cultural differences need to be considered when rolling out an initiative. The time to ROI was weeks rather than months or years.

Supply Chain Design Software 17

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 17

Logistics Viewpoints

FEBRUARY 20, 2024

This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. For example, Colorado should be serviced by the plant in Texas in certain months and by the California plant during others. But it has gaps.

Supply Chain Design Software 136

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 136

247 Customs Broker

APRIL 22, 2018

It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily. But the main question that several shippers and services providers ask is “ How to ensure profitability in sea freight shipment “. tons and upto 33 cbm of cargo.

Resource Reduction 28

Resource Reduction Freight How To Cost Reduction 28

EazyStock

AUGUST 9, 2022

This software enables procurement managers to forge close links with their suppliers and manage the whole procurement process. SRM software also provides all the data needed to empower procurement managers to negotiate bulk discounts and reduce carriage costs. How EazyStock can help.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Optimal Sourcing Procurement Solutions 52

MTS Logistics

MAY 16, 2022

However, depending on the situation, there are also examples where goods are counted after storage. Storage is a bridge between the manufacturer and the retailer in the procurement process of the product. The first step of the storage process is counting the goods. After counting the goods, the goods are transported to the warehouse.

Logistics Network Optimization Software 79

Logistics Network Optimization Software Logistics Manufacturing Procurement Packaging 79

Logistics Viewpoints

MARCH 21, 2021

Increasingly, the role of the network planner is running scenarios to see how to deal with exceptions and disruptions. As the P&G example shows, effective collaboration within the broader organization and across partners and customers becomes a key success factor.

Supply Chain Planning Software 144

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 144

Logistics Bureau

OCTOBER 11, 2021

How to Improve Product Availability. Solving availability problems may not be easy, but you probably have some options available if you know how to exploit them. For example, you might: Diversify your supply base , so you’re not too reliant on a single source. CTS Analysis Options.

eCommerce 62

eCommerce Supply Chain Planning Software Negotiating Skills Material Savings 62

Logistics Business Magazine

DECEMBER 11, 2022

For example, a big-box retailer that started to build out its pickup services, it delivery services, and so on, so that when the world pivoted, and stores were closed, but people still wanted this retailer’s products, it already had all of that investment there. Consumers are looking for more durable products.

Supply Chain Planning Software 63

Supply Chain Planning Software Supply Chain Software Supply Chains Trends 63

Talking Logistics

JUNE 19, 2018

Consolidation simplifies the customer relationship by having fewer partners (sometimes only one) but having the right partners, who may do everything from procurement and operations to IT and invoicing and payment. The decision about how to proceed is a bit more complex. Source: GEODIS.

Optimal Sourcing 60

Optimal Sourcing Supply Chain Design Software Manufacturing Procurement Supply Chain Planning Software 60